Dai-ichi Life approves $15m commitment

Institution: Dai-ichi Life Insurance Company
Headquarters: Tokyo, Japan
AUM: JYP35trn
Bitesize: $10m-$50m

Dai-ichi Life Insurance Company has announced a $15 million commitment to Cowin China Growth Fund II (the Fund), managed by Shenzhen Cowin Asset Management.

In addition to Dai-ichi Life Insurance, Mizuho Bank is the other Japanese investor that has committed $15 million to the Fund. The Fund, with a $250 million target, will invest in businesses within the technology, telecommunication, and healthcare sectors.

As illustrated below, the majority of recent commitments to private equity funds are Asia-Pacific focused.

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